News 

Adaptive Reuse: An Unconventional Solution to a Dilemma in Industrial CRE

Over the past decade or so, the American mall has been pummeled. In 2017, a report issued by global bank Credit Suisse predicted that roughly one in four malls would close by 2022 as a result of shifts in consumer spending habits. And then in 2020, pandemic shutdowns and social distancing delivered another striking blow. While higher-end malls have been able to withstand the onslaught, many Class B and Class C malls in rural areas across the country have not.   When Sears, the only remaining anchor tenant at The…

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News 

September Closed Transactions

September remained steady for our NAI Ohio Equities Brokerage Division and included several multi-million-dollar transactions. Overall, our brokerage department closed 18 transactions for the month and leased or sold more than 282,000 square feet. Our Office Brokerage Group closed six transactions this past month totaling more than 40,000 square feet. Matt Gregory and Andy Dutcher represented AndHealth, a disease-reversal telehealth startup led by CoverMyMeds co-founder, Matt Scantland. AndHealth will occupy 28,000 square feet at Two Miranova. The Industrial Property Team had the largest industrial closing of the month. The team…

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News 

Creating Culture: How Our Community Engagement Committee Makes Us Better

Meet our Community Engagement Committee! Throughout the year, our volunteers brainstorm, plan, and organize all of the fun things we do at NAI Ohio Equities. From monthly employee events like kayaking and baseball games to our quarterly volunteer opportunities like Operation Backpack – they make it all happen! But why do we have such a committee and what value does it provide? As it turns out, there are many benefits, in addition to having fun, which help us to create a strong culture and strengthen our organization! We Want to…

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News 

August Closed Transactions

Our brokerage department closed 15 transactions in August. Overall, the brokerage department leased or sold more than 84,000 square feet and 102 acres, which included several million-dollar-plus transactions. Andy Dutcher, Matt Gregory and Philip Bird closed the largest transaction of the month. The team represented Dublin City Schools in the assemblage of three contiguous 32.62-acre parcels by three different sellers. The acquisition of roughly 98 acres of land, was the largest in the district’s history. The parcels were purchased for a combined $6.6 million. The Sheeran Semon Team sold a…

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Client Spotlight 

Client Spotlight: Columbus Oncology and Hematology

Columbus Oncology and Hematology is dedicated to providing compassionate, quality care to its patients who have received a cancer diagnosis. It is an organization that makes every effort to make the devastating diagnosis a little bit easier to bear by removing obstacles for patients so that they can focus on getting well. From their state-of-the-art facilities and services to something as simple as moving away from a menu-driven phone system and instead, ensuring a patient experience team member answers each call and personally helps to direct it to avoid additional…

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Commercial Real Estate 101 

Understanding the Total Cost of Occupancy

When signing a commercial lease, there are many factors that impact your overall cost. Understanding the total cost of occupancy is important both for budgeting and developing accurate financial forecasts over time, as well as for negotiation. Recently, our Office Brokerage Group of Matt Gregory, Andy Dutcher and Philip Bird worked with The Joseph Group to secure a new office space. The Joseph Group had outgrown its current space of roughly 5,500 square feet and sought a space that could accommodate its current needs, but would also facilitate the organization’s…

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News 

July Closed Transactions

Our brokerage department closed 23 transactions this past month equating to more than 322,000 square feet. One of the largest transactions of the month featured an office lease completed by our Office Brokerage Group of Matt Gregory, Andy Dutcher and Philip Bird for 605 S. Front Street in the Brewery District. The tenant had outgrown its current space of roughly 5,500 square feet and sought a space that could accommodate its current needs, but would also facilitate the organization’s anticipated future growth. However, this came with a caveat, it didn’t…

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News 

Help Us Fill Backpacks with Hope

This summer, we are preparing to help kids get back to school with full backpacks by supporting Operation Backpack through Volunteers of America Ohio and Indiana. Nearly one in five children in the U.S. live below the federally defined poverty line and their families, who are balancing basic expenses such as utilities and rent or mortgages, too often, have nothing left over. Through the month of July, we will be collecting supplies and monetary donations. But more than that, we are giving children hope, by providing an equal opportunity and…

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News 

June Closed Transactions

June was a solid month for NAI Ohio Equities despite investors proceeding judiciously as interest rates have continued to climb. Our Office Brokerage Group of Andy Dutcher, Matt Gregory and Philip Bird represented Volunteers of America Ohio & Indiana on the purchase of 81 S. 5th Street. Volunteers of America plans to redevelop the building into a treatment facility. Additionally, John Mally represented the seller on the sale of 640-660 W. Rich Street in Franklinton, which will become the new home of Pilot Dogs, a dog guide school that trains…

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Commercial Real Estate 101 

Do You Need a Specialist in Commercial Real Estate?

From financial advisors to medical practitioners, at some point, we’ve all needed a specialist. Real estate is no different. We’re all familiar with residential and commercial real estate, but through the years, commercial real estate specifically has become highly specialized. A broker’s role has morphed into that of a real estate “advisor.” Depending on the property type and specialization, there are a slew of functions brokers perform, including financial and market analyses, demographic studies, site selection research, portfolio analysis, and more. The depth of broker specialization is largely dependent on…

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